BBB Foods (NYSE:TBBB) Sets New 52-Week High – Time to Buy?

BBB Foods Inc. (NYSE:TBBB)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $43.81 and last traded at $42.25, with a volume of 418194 shares. The stock had previously closed at $42.10.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TBBB. Zacks Research lowered BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Scotiabank lifted their price objective on shares of BBB Foods from $37.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Wells Fargo & Company set a $42.00 target price on shares of BBB Foods in a report on Friday, March 13th. JPMorgan Chase & Co. raised their price target on shares of BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a report on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $43.14.

BBB Foods Price Performance

The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of -26.99 and a beta of 0.03. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 2.76. The business has a 50-day moving average price of $37.93 and a two-hundred day moving average price of $35.85.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%. As a group, research analysts forecast that BBB Foods Inc. will post -0.61 EPS for the current year.

Institutional Trading of BBB Foods

Several hedge funds have recently bought and sold shares of TBBB. Carmignac Gestion acquired a new position in BBB Foods during the 1st quarter valued at about $3,778,000. Militia Capital Management LLC acquired a new stake in shares of BBB Foods in the first quarter valued at approximately $1,734,000. Royal Bank of Canada increased its stake in shares of BBB Foods by 19.6% in the first quarter. Royal Bank of Canada now owns 11,415 shares of the company’s stock valued at $404,000 after purchasing an additional 1,874 shares during the period. Lazard Asset Management LLC raised its holdings in shares of BBB Foods by 12.4% during the first quarter. Lazard Asset Management LLC now owns 63,744 shares of the company’s stock valued at $2,255,000 after buying an additional 7,032 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of BBB Foods by 10.7% during the first quarter. Sei Investments Co. now owns 748,627 shares of the company’s stock valued at $26,479,000 after buying an additional 72,646 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors.

BBB Foods Company Profile

BBB Foods Inc, through its subsidiaries, operates a chain of grocery retail stores in Mexico. It offers household cleaning, personal hyenine, cosmetics and beauty, pharmacy, and general merchandise products, as well as jellies and desserts, foods and drinks, pet supplies, coffee, tea, chocolates, breads, dry and frozen foods, snacks and sweets, and toilet papers and napkins. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.